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New tenants could be coming to two shuttered Ontario Hudson's Bay locations

Kenneth Chan, Daily Hive

created: May 27, 2025, 12:55 p.m. | updated: May 28, 2025, 3:06 p.m.

There is now some greater clarity on the future of a small number of soon-to-be-closed Hudson's Bay Company (HBC) department store locations. Primaris Real Estate Investment Trust announced today it will officially take back five HBC locations after receiving notice that no new tenants stepped forward to take over the leases. The four HBC leases that could be sub-leased entail Conestoga Mall in Waterloo and Oshawa Centre (Ontario), Southgate Centre in Edmonton, and Orchard Park Shopping Centre in Kelowna. Some mall tenants have lease clauses that allow them to request rent discounts if a major anchor store like HBC leaves. billionaire Ruby Liu (Weihong Liu) announced that her company, Central Walk Canada Group, has entered into a definitive agreement to acquire 28 HBC store leases across B.C., Alberta, and Ontario.

1 week, 4 days ago: blogTO